Check out our presentation on everything you need to know to start your business. Part of the workshop was covered in this Inc.com piece: http://www.inc.com/laura-montini/why-you-should-consider-a-founders-agreement.html

1. Starting Your Own Business
The Legal Details

2. I have an idea…

3. Cofounders

4. Image courtesy of Claire Topalian, UpGlobal

5. Going into business together is like getting
married.
!
Sometimes things don’t work out.
!
Make sure to protect yourself.

6. Consider:
!
Nondisclosure Agreement
!
Founders Agreement
!
Vesting Schedules

7. Image courtesy of tvscreener.com

8. What’s in a name?

9. Image courtesy of Citizen Tekk

10. The money question

11. Image courtesy of GQ

12. Getting it started…

13. Choosing a Business Entity

14. Your Choices:
!
Sole Proprietor
!
Partnership
!
Corporation
!
C-Corporation*
S-Corporation
!
Limited Liability Company
!
Social Ventures
!
Flexible Purpose Corporation
Benefit Corporation

15. Choosing a State

16. Image courtesy of San Diego Free Press

17. Equity

19. Investors

20. Types of Investors:
!
Angel Investors
!
Seed Investors
!
Early Stage
!
Late Stage
!
Social Impact

21. Licenses

22. Image courtesy of Wikimedia

23. Image courtesy of Wikimedia

24. Protecting Your IP

25. Trademarks

26. Image courtesy of
Kluger, Kaplan, Silverman, Katzen & Levine L.P.

27. Do you need a patent?

28. To employ or not to employ?

29. Employees v. Independent Contractors

30. It’s about control

31. Ask Yourself…
!
Will I control…
!
the way the work is performed?
!
or
where the work is performed?
!
Am I…
!
the worker’s primary source of
income?
!
providing benefits?
!

32. Considerations

33. Taxes
!
Federal
!
Social Security = 6.2%
Medicare = 1.45%
FUTA = 6.2% on first $7,000
!
State
!
Unemployment Insurance = 3.4% on first $7,000
!
Employer Training Tax = 0.1% on first $7,000
!
Local
!
San Francisco = 1.5%

34. ?

35. Lawyer
Stephanie Margossian
@samargossian
margossian@gamallp.com
gamallp.com

36. Starting Your Own Business
The Legal Details